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BlueRush Media Group Q1 profits increase sevenfold as revenues rise

TORONTO - Marketing company BlueRush Media Group Corp.'s (TSXV:BTV) fiscal 2010 first-quarter earnings rose sevenfold as revenues increased.

TORONTO - Marketing company BlueRush Media Group Corp.'s (TSXV:BTV) fiscal 2010 first-quarter earnings rose sevenfold as revenues increased.

For the period ended Oct. 31, net income totalled $140,776 compared with $19,644 in the same 2009 period.

Earnings per share for the most recent quarter were not disclosed in the company's news release, but amounted to 0.1 of a cent a share in the year-ago quarter, according to documents filed with regulators.

The Toronto company's revenues jumped nearly 20 per cent, helped by its expansion in the financial services industry and the health and pharmaceutical sector.

Revenues totalled $909,768 versus $766,957 in the year-ago period.

"We emerged from a difficult fiscal 2009, with a greater client base in two very large industry verticals: financial services and health care," stated president and chief executive Larry Lubin.

"BlueRush was very well positioned at the start of the quarter, as our clients resumed their marketing programs."

BlueRush creates media solutions for the Internet, web TV, iPods, mobile phones, digital signs and in-store kiosks.

Shares of the company last traded Monday at six cents on the TSX Venture market.

 
 
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